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S&P: SLM view to negative
Standard & Poor's said it revised the outlook on the BBB- long-term issuer credit rating on SLM Corp. to negative from stable.
The agency also said it affirmed the BBB- and A-3 ratings on SLM.
The outlook revision reflects the negative view of SLM's sale of residual interests in the SLM Student Loan Trust securitization 2007-4 to a third party, S&P said.
The outlook revision reflects what is viewed as a strategic shift in the treatment of certain of the company's residual cash flows, the agency said.
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